Introduction

Written by market professionals, this book is an accessible guide to this new generation of products. The book outlines global trends, analyses the products and their uses in emerging markets, discusses the market's participants and their application of credit derivative products, examines risk management in a credit derivatives business, accounting for credit derivatives, pricing, the impact of EMU, synthetic credit structures, rating methodologies, and the regulatory environment. (156 pages) Published in association with Barclays Capital, Helaba Landesbank Hessen-Thüringen; PricewaterhouseCoopers.